LeaseQuery

Lease Accounting Software for ASC 842, IFRS 16, & GASB 87

About LeaseQuery

LeaseQuery is a cloud-based lease accounting and lease management software for lessees reporting under FASB ASC 842 and IFRS 16 as well as both lessees and lessors under GASB 87. The system enables businesses to track their leases, get alerts for renewal deadlines, provide journal entries and financial disclosures, calculate straight-line amortization, and prevent overpayment of rent. It prepares journal entries for deferred rent and tenant improvement allowances, sends alerts for renewal deadlines, and provides the ability to create multiple reports.

The software sends users reminders of critical dates such as renewals, expirations, and custom dates. Users can assign different tasks to employees under multiple leases, along with “complete by” dates.

LeaseQuery allows users to store and organize documents in any format (PDF, Word, Excel) in one searchable database. It has a powerful search engine that enables users to locate documents quickly and easily.

LeaseQuery provides the Commitments reports required in the MD&A and the Commitments and Contingencies reports required in notes for GAAP. Users can further create their own customized reports with any attribute. The software supports data integrity by ensuring all leases entered are approved by another person. Each lease has an audit trail, disclosure, and approval.

Pricing starting from:

N/A

  • Free Trial
  • Subscription

Key benefits of LeaseQuery

• With LeaseQuery, users can create custom fit reports by adding custom metrics or attributes to the system.

• Documents of any type can be uploaded into one searchable database.

• Users can create custom dates for any lease.

• LeaseQuery provides access to lease documents and information from any location.

• Users can set different tasks under multiple leases.

Devices

Business size

S M L

Markets

United States, Canada

Supported Languages

English

Pricing starting from:

N/A

  • Free Trial
  • Subscription

Images

LeaseQuery Dashboard
Lease Liability Amortization Schedule
Lease Accounting Disclosures Report
Lease Accounting Journal Entries
View 5 more
LeaseQuery video
LeaseQuery video
LeaseQuery screenshot: LeaseQuery Dashboard LeaseQuery screenshot: Lease Liability Amortization Schedule LeaseQuery screenshot: Lease Accounting Disclosures Report LeaseQuery screenshot: Lease Accounting Journal Entries

Features

Total features of LeaseQuery: 33

  • API
  • Access Control
  • Accounting Integration
  • Accounting Management
  • Activity Dashboard
  • Activity Tracking
  • Ad hoc Reporting
  • Alerts / Escalation
  • Approval Process Control
  • Asset Management
  • Audit Trail
  • Auditing
  • Automatic Notifications
  • Client Portal
  • Contact Database
  • Currency Conversion
  • Custom Fields
  • Customer Database
  • Customizable Reporting
  • Customizable Templates
  • Document Storage
  • Forecasting
  • General Ledger
  • Multi-Country
  • Multi-Currency
  • Multiple Format Support
  • Portfolio Management
  • Process Control
  • Reminders
  • SSL Security
  • Sarbanes-Oxley Compliance
  • Third Party Integration
  • Transaction History

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Reviews

Overall rating

4,8 /5
(32)
Value for Money
4,9/5
Features
4,5/5
Ease of Use
4,8/5
Customer Support
5/5

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Showing 5 reviews of 32
Jessica P.
Overall rating
  • Industry: Financial Services
  • Company size: 501-1 000 Employees
  • Used Weekly for 6-12 months
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

LeaseQuery software has improved our process and access to lease accountants adds value!!

Reviewed on 2018/03/26

Automates everything related to leases - payment schedules, journal entries, disclosures,...

Automates everything related to leases - payment schedules, journal entries, disclosures, reconciliation support, alerts and so much more! Also get access to lease accountants and ability to ask questions and get timely feedback with chat function! They genuinely care about their customers and above all provide excellent customer service!

Pros

Automates, does the lease calculations and disclosures for us, sends alerts for critical dates, central repository for all lease contracts, highlights areas of changes for ease of review, chat function makes it easy to get questions answered quickly, easily converts to new lease standard, build by CPAs who know critical data elements needed, easy to use!!!

Cons

A couple functions were needed, but when requested by LeaseQuery were told they were already working on it and now we're just waiting for those enhancements to be tested and released to the live version. They are continually making changes to the software and are also open to feedback.

Missy W.
Overall rating
  • Industry: Real Estate
  • Company size: 2-10 Employees
  • Used Daily for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

A Game Changer for Lease Management and Accounting!

Reviewed on 2016/09/08

As a tenant-rep commercial real estate firm, we have found LeaseQuery to be an invaluable asset to...

As a tenant-rep commercial real estate firm, we have found LeaseQuery to be an invaluable asset to our day-to-day operations. When we took on a few new clients, each with between 2-4 dozen leases nationwide, we were presented with the task of reviewing and subsequently managing each of their leases and also for staying aware of upcoming expirations and other important deadlines/dates. Additionally, as new members of the executive management team joined their respective companies, we were asked to bring them up-to-date on the company's real estate portfolio and the remaining obligations surrounding each lease. LeaseQuery made this incredibly simple, allowing us to securely store and organize all of the documents and information, create detailed summaries on each property, and download comprehensive reports in minutes.

Pros

We are able to instantly pull up all of the details on any given lease with only a couple clicks of the mouse. From basic information like location, size and important dates, to amortization charts and financial/accounting data, the search feature makes it simple to use and gives you immediate results. No more digging through files and endless spreadsheets! We also love the automated email reminders of upcoming important dates, which help ensure no deadlines slip through the crack!

Clement C.
Overall rating
  • Industry: Financial Services
  • Company size: 1 001-5 000 Employees
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Phenomenal Product

Reviewed on 2021/01/15

Michelle Moura, our account manager has been phenomenal. Customer support is very responsive. ...

Michelle Moura, our account manager has been phenomenal. Customer support is very responsive. Overall, this product and people rate beyond expectations.

Pros

I have been using the software for over a year with over 100 leases to enter. Everything is in one place: data, documents, and report functionality. This is being used not only by accounting but our sales manager to manage the renewal of the leases.

Cons

Some aspects needed to be tweaked to make applicable to some of our situations. These were discussed with our account manager who submitted them for enhancements and several have been resolved.

Ryan F.
Overall rating
  • Industry: Insurance
  • Company size: 501-1 000 Employees
  • Used Monthly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 7.0 /10

Review

Reviewed on 2020/03/12

Once I enter a lease in LeaseQuery, the data that comes out is very useful.

Once I enter a lease in LeaseQuery, the data that comes out is very useful.

Pros

Software is pretty easy to use and makes accounting side of if very easy for Journal Entries

Cons

Running different reports can be tough sometimes but once you figure it out, it's no problem

Adrian R.
Overall rating
  • Industry: Banking
  • Company size: 501-1 000 Employees
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Amerant Bank loves LeaseQuery!

Reviewed on 2020/03/23

Amerant Bank is very satisfied with LeaseQuery. It has allowed us to automate our entire lease...

Amerant Bank is very satisfied with LeaseQuery. It has allowed us to automate our entire lease process and removed the need to perform very complex calculations in excel. Additionally, we have found the multi-departmental collaboration efforts between our Facilities, Accounting, Internal Controls, and Reporting teams to be seamless.

Pros

The software is very user friendly and has out-of-the box reports that make ASC 842 compliance a breeze. The tool makes lease management and accounting very simple from beginning to end.

Cons

Changing some lease characteristics after a lease has been approved is a little cumbersome as the tool requires the user to re-enter some of those characteristics from scratch rather than just changing one specific field.

Showing 5 reviews of 32 Read all reviews

LeaseQuery FAQs

Below are some frequently asked questions for LeaseQuery.

LeaseQuery offers the following pricing plans:

  • Pricing model: Subscription
  • Free Trial: Available

Contact vendor for pricing

LeaseQuery offers the following features:

  • Accounting for leases
  • Asset management
  • Audit trail
  • Commercial leases
  • Commitments reports
  • Contact management
  • Currency Translations
  • Document management
  • Landlord database
  • Property management
  • Real estate portfolio management
  • Renewal alerts
  • Retail leases
  • Space management
  • Tenant database

LeaseQuery has the following typical customers:

Small Business, Large Enterprises, Public Administrations, Mid Size Business

LeaseQuery supports the following languages:

English

We do not have any information about what devices LeaseQuery supports

LeaseQuery integrates with the following applications:

NetSuite, Sage Fixed Assets, Sage Intacct

LeaseQuery offers the following support options:

Phone Support, Online Support, FAQs, Knowledge Base

Related categories

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